The US national debt has reached $39.95 trillion, just $50 billion short of $40 trillion, marking the fastest trillion-dollar increase in US history at only five months. This rapid rise is driven by a $432 billion deficit in July and growing interest costs exceeding $1 trillion annually. The debt now stands at 124% of GDP, nearing historic highs last seen after World War II. This escalating debt fuels arguments from Bitcoin advocates, including Senator Cynthia Lummis, who propose Bitcoin as a hedge against government borrowing and suggest it could significantly reduce national debt. The IMF warns global public debt may hit 100% of world GDP by 2029, with the US and China as major contributors, potentially increasing interest in alternative assets like Bitcoin.
The Roundhill S&P 500 0DTE Covered Call Strategy ETF (XDTE) is rated Hold because of ongoing market risks despite outperforming peers like SPYI in flat market conditions and showing better drawdown management. The ETF benefits from premium harvesting...
Rentokil Initial PLC reported a 28.9% year-on-year increase in unique website visits in July, leading the pest control sector in traffic growth. This rise, highlighted by RBC Capital Markets, suggests a tentative recovery in demand after a slow sprin...
Bitcoin price rose 1.2% to around $63,650 after buyers defended support near $62,700, showing short-term momentum improvement. However, nearly $390 million exited US spot Bitcoin ETFs last week, indicating cautious institutional demand. Key resistanc...
Kratos Defense & Security Solutions reported strong second-quarter results and raised its guidance for 2026, signaling confidence in continued growth. The company's backlog reached $2.08 billion, supported by new facilities aimed at turbojet engine p...
Delta Air Lines is re-establishing a strong presence in Texas by focusing on Austin after closing its Dallas/Fort Worth hub in 2005. The airline announced new flights from Austin to Paris and San Diego, citing Austin's booming economy and global conn...
